ASX200 telco falls 63% on merger news | Birkenstock's luxury slip | Ethical Everlane joins Shein

ASX-listed Tuas has seen its shares fall 63% after Singapore's regulator warned that its $1.5 billion merger is on the ropes. Birkenstocks are falling… falling more than 14%.... and hitting record lows…as its luxury status is being called into question. Everlane, the brand that built its whole id…

Zip Co forced to change its name | Temple & Webster pulls back discounts | On x Zendaya

Zip Co has lost a decade-long High Court battle over its own name and will be forced to rebrand its entire Australian business. Temple & Webster has raised its prices and pulled back on promotions after warning that its earnings will be 30% below market expectations. Swiss sneaker brand On has ra…

CBA's historic single-day fall | Xero's US bet backfires | CNN's new weather play

CommBank’s shares have seen their biggest single-day fall in history earlier this week after wiping $30 billion from its market value. Xero's revenue jumped 31%...but profits fell 27% after its multi-billion dollar US acquisition has hurt the bottom line. CNN has launched a stand-alone weather ap…

Big Fed budget moves | CSL’s $10 billion headache | Dua Lipa is suing Samsung

The Labor government has handed down its 2026 Federal Budget… and it includes the biggest overhaul to Australia's property tax system in 25 year. CSL has seen nearly $10 billion wiped from its market value after writing-down a multi-billion dollar acquisition it made three years ago. Dua Lipa is …

Macquarie profits from oil shock | Google replaces Fitbit just 5 years after acquisition | Uber Australia rides its profits overseas

Macquarie has posted a $4.85 billion annual profit… up 30%... after it turned the Iran oil shock into one of the biggest windfalls in the bank's history. Google has quietly killed off the $2.1 billion Fitbit app and replaced it with an AI health coach app for all devices. Uber made $2.1 billion i…

JB Hi Fi's big, costly warning | GameStop's bold plan to acquire eBay | Gen Z women revive Tinder

JB Hi Fi’s sales rose 4% last quarter… but it’s warned that its laptops are facing major price hikes. GameStop’s share price has fallen 10% after it made an unsolicited $55 billion USD bid to buy eBay… a company four times its size. Tinder sign ups are growing for the first time since 2024… and i…

RBA hikes rates to a decade-high | Chemist Warehouse heads to the UK | Duolingo loses its winning streak

The Reserve Bank has hiked rates for the third consecutive meeting to 4.35%...and this is the highest cash rate in over a decade. Chemist Warehouse is taking its discount pharmacy model to the UK after buying into a British chain that’s been losing millions. Duolingo has beat its quarterly target…

ANZ profit rises but shares stall | LIV on edge of bankruptcy after Saudi retreat | Nine rebuilds for streaming wars

ANZ announced a 6% jump in half-year profit to $3.8 billion but its shares barely moved on the results. LIV Golf is months away from bankruptcy after its biggest backer pulled its multi-billion dollar backing of the golf league. Nine Network has done a major overhaul of its tech…and people… to tr…

Woolworths cuts 2026 profit forecast | Bega Group's TikTok luck | Alphabet smashes as Google Search holds

Woolworths has cut its 2026 profit forecast…despite sales rising 5.9% last quarter. Bega Group is churning out yoghurt in record numbers… and it's predicting profits will skyrocket 40% by 2031. Alphabet has just smashed its first quarter expectations with $107 billion in revenue and Google Search…

Google & Meta move $11 billion off Australian shores | Amazon’s Aussie sales hit record high | Adidas' unlaunched shoes break records

Google and Meta have transferred almost $11 billion of Australian revenue to offshore entities over the past year to reduce their tax locally. Amazon's cart is overflowing with cash… pulling in $4.77 billion from Aussies in 2025… as local spending on the platform hits a record high. Adidas shares…